Advanced Micro Devices (AMD)'s CEO Pulled Off An "Unbelievable Coup," Says Jim Cramer

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the stocks Jim Cramer recently discussed.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares have been the talk of the town recently following its chip deal with OpenAI through which it expects to earn more than $100 billion in revenue over four years. Cramer has been full of praise for Advanced Micro Devices, Inc. (NASDAQ:AMD)’s CEO, Dr. Lisa Su, after the deal’s announcement. He believes that the partnership with OpenAI vindicates Su’s longstanding assertion of being able to compete with NVIDIA. In this episode, he discussed the OpenAI deal again and mentioned the supply constraints that NVIDIA’s GPUs are struggling with:

“[On deal with OpenAI]”I think AMD’s, their next model that comes out in the middle of next year, has got the same capabilities on the hardware side

“And right now it’s too hard to get NVIDIA chips. You can’t get them all. But Lisa Su, congratulations, David, an unbelievable coup. She did say that this could happen but no one thought it could happen within the next year!”

While we acknowledge the potential of AMD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.